Friday, December 19, 2008

Rhode Island--Small State, Big Unemployment Rate

Rhode Island, the smallest state in the union (in terms of land-mass) has the 2nd highest rate of unemployment in November, 2008---A whopping 9.3%. This is 4.1 percentage points greater than what it was last year.

In November, Rhode Island saw job losses in retail, manufacturing, construction, business services and accommodation and food service sectors. With additional corporate layoffs that came in December, you can expect that the December figure released next month will be higher.

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